Chainlink Price Analysis: LINK Price Can Touch The Level Of $40

chainlink ready for a new high
  • LINK price is currently trading above the consolidation phase after making all time high of $36.83 on Feb 20 ,2021
  • Chainlink Price is currently trailing at the value of $29.33 with a gain of 17% in 24 hour time period and 18.95% gain in a week
  • Link/BTC pair is currently trading at the value of 0.0006120 BTC  with an intraday gain of 11.27%

The technical chart of LINK highlights “Bulls Are On Run” in today’s trading session. The current price of Chainlink coin is at the level of $29.80 while the major support is at $24 and major resistance is at $31.50.The coin volume has seen a gain of 79.54% and is currently at the level of $2,935,689,988.The market capitalization is at the value of $29,667,888,890 with a gain of 16.67%.Chainlink coin price is currently trailing slightly above the consolidated channel. If the coin crosses above the supply zone  then it will reach to the higher levels upto $50 

Chainlink (LINK) Technical Analysis

Chainlink current price has seen a gain of 17% in today’s trading session.The current scenario of LINK coin depicts a rally above the consolidated zone.The coin forms a bullish pattern on today’s trading session,suggesting that the buyers are getting active in the coin.

- Advertisement -

The coin is at 50 and above 200 Exponential Moving Average. The blue line of 50-EMA is currently at the level of $24.82 and making it temporary support. LINK/BTC pair is forming a bullish candle which suggests that the price may see an uptrend.

MACD(Bearish): It has given a negative cross over signal in the daily chart on FEB 20,2021. Bars of the histograms are also showing negative momentum. The overall sentiment of MACD is bearish. 

RSI(Bullish): It is travelling at the value of 55.69, showcasing its presence in the oversold zone. A  positive  slope is formed in RSI, highlighting that the price may see an uptrend in the upcoming days.There is a lower low trend line formation in the RSI which is also a sign of positive retracement in the price 


Chainlink coin has seen a gain of 17% in today’s trading session and made a 52 week high on Feb,20 2021. Technical Indicators gives a positive signal for the coin.LINK/BTC is performing positively and is above the support of 50-EMA. An Investor should do their due diligence before investing.

Technical Levels

Major Resistance:$31.5
Major Support:$24

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Adarsh Singh
Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.

Similar Articles



Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Top Rated NFT Market

Australia's Top Rated Exchange

Top Rated Cryptocurrency Payment Service

Our Partners